We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for real-time alerts, custom portfolio, and market movers
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Spirent Communications Plc | LSE:SPT | London | Ordinary Share | GB0004726096 | ORD 3 1/3P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 195.00 | 194.60 | 195.00 | 195.00 | 194.00 | 194.00 | 146,695 | 08:00:41 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Communications Equip, Nec | 474.3M | 25.2M | 0.0435 | 44.83 | 1.13B |
From Apr 2019 to Apr 2024
TIDMSPT
RNS Number : 5015J
Spirent Communications PLC
29 March 2018
SPIRENT COMMUNICATIONS PLC (the "Company")
29 March 2018
DIRECTOR / PDMR SHAREHOLDING: Vesting and Exercise of Performance Share Awards and Vesting of Stock Appreciation Rights under Spirent Employee Incentive Plan
The Company confirms that on 23 March 2018, the performance conditions attached to Performance Shares awarded to Directors/Persons Discharging Managerial Responsibility on 23 March 2015 awards were tested, with the following results:
50% of awards subject to EPS performance condition 81.00% vest 50% of awards subject to TSR performance condition 45.90% vest
As a result, the following awards to PDMRs vested and became exercisable:
Hot Features
Premium
Awarded: Vest:
James Armstrong PDMR 150,402 Performance 95,429 shares
Shares
Angus Iveson PDMR 47,458 Performance 30,111 shares
Shares
Nigel Wright PDMR 136,110 Performance 86,361 shares
Shares
Performance Shares awarded on 23 March 2015 which have not vested have now lapsed.
Awards of Performance Shares under the Employee Incentive Plan are not tax approved and income tax and social security deductions become payable by the individual on vesting.
The following transactions have taken place:
1. Details of PDMR / person closely associated
--- ----------------------------------------------------------------------
Name James Armstrong
--- ------------------------------ --------------------------------------
2. Reason for the notification
--- ----------------------------------------------------------------------
a) Position / status COO
--- ------------------------------ --------------------------------------
b) Initial notification Initial notification
/ amendment
--- ------------------------------ --------------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ----------------------------------------------------------------------
a) Full name of the Spirent Communications plc
entity
--- ------------------------------ --------------------------------------
b) Legal Entity Identifier 213800HKCUNWP1916L38
Code
--- ------------------------------ --------------------------------------
4. Details of the transaction(s)
--- ----------------------------------------------------------------------
a) Description of Ordinary shares of 3&1/3 pence
the financial instrument each
Identification
code GB0004726096
--- ------------------------------ --------------------------------------
b) Nature of the transaction (i) Exercise of shares arising
from Spirent Employee Incentive
Plan at nil-cost
(ii) Sale of shares to cover
tax and national insurance
liabilities
--- ------------------------------ --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------ ----------- ----------
(i) GBP0.0000 95,429
------ ----------- ----------
(ii) GBP1.1760 33,974
------ ----------- ----------
--- ------------------------------ --------------------------------------
d) Aggregated information
* Aggregated volume n/a
n/a
* price
--- ------------------------------ --------------------------------------
e) Date of the transaction 29 March 2018
--- ------------------------------ --------------------------------------
f) Place of the transaction (i) Outside a trading venue
(ii) London
--- ------------------------------ --------------------------------------
1. Details of PDMR / person closely associated
--- ------------------------------------------------------------------------
Name Angus Iveson
--- ------------------------------ ----------------------------------------
2. Reason for the notification
--- ------------------------------------------------------------------------
a) Position / status Company Secretary & General
Counsel
--- ------------------------------ ----------------------------------------
b) Initial notification Initial notification
/ amendment
--- ------------------------------ ----------------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ------------------------------------------------------------------------
a) Full name of the Spirent Communications plc
entity
--- ------------------------------ ----------------------------------------
b) Legal Entity Identifier 213800HKCUNWP1916L38
Code
--- ------------------------------ ----------------------------------------
4. Details of the transaction(s)
--- ------------------------------------------------------------------------
a) Description of Ordinary shares of 3&1/3 pence
the financial instrument each
Identification
code GB0004726096
--- ------------------------------ ----------------------------------------
b) Nature of the transaction (i) Exercise of shares arising
from Spirent Employee Incentive
Plan at nil-cost
(ii) Sale of shares to cover
tax and national insurance
liabilities
--- ------------------------------ ----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------ ------------ ----------
(i) GBP0.0000 30,111
------ ------------ ----------
(ii) GBP1.14492 17,002
------ ------------ ----------
--- ------------------------------ ----------------------------------------
d) Aggregated information
* Aggregated volume n/a
n/a
* price
--- ------------------------------ ----------------------------------------
e) Date of the transaction 27 March 2018
--- ------------------------------ ----------------------------------------
f) Place of the transaction (i) Outside a trading venue
(ii) London
--- ------------------------------ ----------------------------------------
1. Details of PDMR / person closely associated
--- ----------------------------------------------------------------------
Name Nigel Wright
--- ------------------------------ --------------------------------------
2. Reason for the notification
--- ----------------------------------------------------------------------
a) Position / status EVP, Global Sales
--- ------------------------------ --------------------------------------
b) Initial notification Initial notification
/ amendment
--- ------------------------------ --------------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ----------------------------------------------------------------------
a) Full name of the Spirent Communications plc
entity
--- ------------------------------ --------------------------------------
b) Legal Entity Identifier 213800HKCUNWP1916L38
Code
--- ------------------------------ --------------------------------------
4. Details of the transaction(s)
--- ----------------------------------------------------------------------
a) Description of Ordinary shares of 3 1/3 pence
the financial instrument each
Identification
code GB0004726096
--- ------------------------------ --------------------------------------
b) Nature of the transaction (i) Exercise of shares arising
from Spirent Employee Incentive
Plan at nil-cost
(ii) Sale of shares to cover
tax and national insurance
liabilities
--- ------------------------------ --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------- ----------
GBP0.0000 86,361
----------- ----------
GBP1.1560 22,028
----------- ----------
--- ------------------------------ --------------------------------------
d) Aggregated information
* Aggregated volume n/a
n/a
* price
--- ------------------------------ --------------------------------------
e) Date of the transaction 29 March 2018
--- ------------------------------ --------------------------------------
f) Place of the transaction (i) Outside a trading venue
(ii) London
--- ------------------------------ --------------------------------------
The Company also confirms that on 23 March 2018, the performance condition attached to Stock Appreciation Rights awarded to Directors/Persons Discharging Managerial Responsibility on 23 March 2015 awards were tested, with the following results:
100% of awards subject to EPS performance condition 81.00% vest
As a result, the following Stock Appreciation Rights award to a PDMR vested and became exercisable:
Awarded: Vest:
Bill Mortimer PDMR 8,240 Stock Appreciation 6,674 Stock Appreciation
Rights Rights
Stock Appreciation Rights awarded on 23 March 2015 which did not vest have now lapsed.
Awards of Stock Appreciation Rights under the Employee Incentive Plan are not tax approved, and income tax and social security deductions become payable by the individual on exercise. If unexercised, these vested Stock Appreciation Rights will expire on 23 March 2025.
1. Details of PDMR / person closely associated
--- ----------------------------------------------------------------
Name Bill Mortimer
--- ------------------------------ --------------------------------
2. Reason for the notification
--- ----------------------------------------------------------------
a) Position / status EVP, Strategic Marketing
--- ------------------------------ --------------------------------
b) Initial notification Initial notification
/ amendment
--- ------------------------------ --------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ----------------------------------------------------------------
a) Full name of the Spirent Communications plc
entity
--- ------------------------------ --------------------------------
b) Legal Entity Identifier 213800HKCUNWP1916L38
Code
--- ------------------------------ --------------------------------
4. Details of the transaction(s)
--- ----------------------------------------------------------------
a) Description of Ordinary shares of 3 1/3 pence
the financial instrument each
Identification
code GB0004726096
--- ------------------------------ --------------------------------
b) Nature of the transaction Vesting of award of Stock
Appreciation Rights under
the Spirent Employee Incentive
Plan; if unexercised, these
Stock Appreciation Rights
will expire on 23 March 2025.
--- ------------------------------ --------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------- ----------
GBP0.0000 6,674
----------- ----------
--- ------------------------------ --------------------------------
d) Aggregated information
* Aggregated volume n/a
n/a
* price
--- ------------------------------ --------------------------------
e) Date of the transaction 23 March 2018
--- ------------------------------ --------------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------------ --------------------------------
Following this notification, the individuals listed above hold options over the following total number of shares:
Director / Total number Total number of shares
PDMR of over which options held
shares held
----------------- ------------- -----------------------------
James Armstrong 61,455 424,379
----------------- ------------- -----------------------------
Angus Iveson 13,109 103,773
----------------- ------------- -----------------------------
Nigel Wright 76,993 347,518
----------------- ------------- -----------------------------
Bill Mortimer Nil 169,577 total (6,674 vested,
162,903 unvested)
----------------- ------------- -----------------------------
Enquiries
Michelle Balch Spirent Communications plc +44 (0)1293 767676
Deputy Company Secretary
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHFKCDNABKDQNB
(END) Dow Jones Newswires
March 29, 2018 12:52 ET (16:52 GMT)
1 Year Spirent Communications Chart |
1 Month Spirent Communications Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
